The Nebraska Department of Insurance is advising consumers to be inquisitive when looking to purchase a motor vehicle service contract, often called extended warranty. These contracts need to be backed by an insurer licensed with the department. A Lincoln resident …
Oklahoma Insurance Commissioner Kim Holland announced she is ordering Global Bonding to stop conducting unauthorized business involving insurance in Oklahoma. The order states the company has violated state law by misleading consumers, construction companies and subcontractors regarding surety bonding for …
Medical malpractice insurers paid out significantly less in claims to Missouri physicians last year, but continued to raise the premiums they charge doctors, according to new study. The National Association of Insurance Commissioners compiled the report from information insurance carriers …
In response to the increasing complexity of community banking, the American Bankers Association-sponsored insurance program, underwritten by Progressive Casualty Insurance Co., has released a new directors and officers/company liability policy for financial institutions. The new policy allows bankers to protect …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of ‘a’ of Lloyd’s of London. At the same time, A.M. Best has affirmed the ‘a-‘ ICR of the Society of Lloyd’s and …
Liquidation efforts are continuing for two companies, South Carolina Insurance Company and the Consolidated American Insurance Company, according to South Carolina’s Special Deputy Liquidator J. Smith Harrison Jr. The two companies were placed in liquidation on March 21, 2005 and …
Insurance companies are expected to pay policyholders in four states $900 million on claims for insured property losses from Hurricane Dennis according to damage estimates released by the Florida Insurance Council and compiled by Property Claim Services, the New Jersey-based …
Rosa Bajdor of Miami was arrested today and charged with transacting insurance without a certificate after whe was discovered paying an accident claim without a license. Bajdor’s husband, Peter, was also implicated and is expected to surrender later this week. …
Scottsdale, Ariz.-based AutoClaims Direct is happy to announce the new addition of Traci Fenderson to the ACD auditing department. Fenderson comes to ACD with a wealth of experience in Material Damage management, appraising and claims handling. She will bring an …
Hurricane Dennis hit the Florida Panhandle 16 days ago, yet Progressive, Florida’s fourth largest auto insurer reports it has settled 80 percent of its auto claims resulting from the hurricane. “The phones started ringing when Dennis came ashore on Sunday, …